In the last
six months, the AUM in gold ETFs has increased by Rs 1987 crore
Mumbai: In the last six months, gold ETF AUM has increased by
55% from Rs 3,581
crore in March to Rs 5,568 crore in June.
AMCs and investors are expecting that gold funds to deliver better returns than other asset classes. With the festival season approaching, the industry expects gold price to go up.
|
Date |
GOLD ETF |
OTHER ETFs |
|
Jun-11 |
5,568 |
2,057 |
|
May-11 |
5,463 |
2,242 |
|
Apr-11 |
4,800 |
2,993 |
|
Mar-11 |
4,400 |
2,516 |
|
Feb-11 |
3,744 |
2,235 |
|
Jan-11 |
3,581 |
1,830 |
Besides ETFs, gold fund of funds are also gaining
popularity. While four gold fund of funds were launched over the last six
months, a few more AMCs expected to launch them soon.
One reason for their popularity is that fund of funds
investors do not require demat account for investing. Investors can also use
the SIP route to invest in these funds. The only drawback in investing in fund
of funds is that it is valued at a closing market price of ETFs while ETFs are
valued at gold price.
